Cryptocurrency is something people tell lies about in hopes of getting richer
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Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#2Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#3[deleted]
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#4I feel the IPFS blog post gave me a glimpse of how blockchain can be cool. In certain cases, the need for decentralization is so strong that it makes sense to build a blockchain system for it (or other secure P2P network thingy).
For example, authentication/identity using blockchain technology seems interesting to me.
[1] https://blog.ipfs.io/decentralizing-the-internet-s-root/
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#5The whole NFT craze lost me when tech founders I once highly respected started pushing and showing off their ugly gifs and trading cards on Twitter.
Bad taste of the bored rich is not a new thing, but I hope NFTs won't become a noble tradition.
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#6The whole NFT craze lost me when tech founders I once highly respected started pushing and showing off their ugly gifs and trading cards on Twitter. Bad taste of the bored rich is not a new thing, but I hope NFTs won't become a noble tradition.
You mean at some point NFT had you?
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#7The whole NFT craze lost me when tech founders I once highly respected started pushing and showing off their ugly gifs and trading cards on Twitter. Bad taste of the bored rich is not a new thing, but I hope NFTs won't become a noble tradition.
You mean at some point NFT had you?
Well, I found it to be a decent solution to support actual artists (esp. Photographers or folks like eBoy fame) who were already selling their digital art in genuine and honest capacity.
But when some random guy without a story renders a thousand animated dogs from a script and the actual art is how to push it via Reddit bots, my support for artistic value creation has reached its limit.
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#8I feel the IPFS blog post gave me a glimpse of how blockchain can be cool. In certain cases, the need for decentralization is so strong that it makes sense to build a blockchain system for it (or other secure P2P network thingy). For example, authentication/identity using blockchain technology seems interesting to me. [1] https://blog.ipfs.io/decentralizing-the-internet-s-root/
The only two known usage of blockchain that actually seem to offer a clear advantage over some other strategy (running the thing centralized, not having coordination at all, etc) are A) solving double spend (a la Bitcoin) B) solving zooko’s triangle (a la Namecoin, or the clone you mentioned from ipfs).
Identity on blockchain beyond resolving zooko’s triangle (I.e. stably mapping pseudonyms to pubkeys) typically does not offer an advantage over (partially) centralized identity providers. E.g. putting anything related to government ID on a blockchain is pointless because you might as well have the ID issuer run a central or federated service.
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#9I feel the IPFS blog post gave me a glimpse of how blockchain can be cool. In certain cases, the need for decentralization is so strong that it makes sense to build a blockchain system for it (or other secure P2P network thingy). For example, authentication/identity using blockchain technology seems interesting to me. [1] https://blog.ipfs.io/decentralizing-the-internet-s-root/
The only two known usage of blockchain that actually seem to offer a clear advantage over some other strategy (running the thing centralized, not having coordination at all, etc) are A) solving double spend (a la Bitcoin) B) solving zooko’s triangle (a la Namecoin, or the clone you mentioned from ipfs). Identity on blockchain beyond resolving zooko’s triangle (I.e. stably mapping pseudonyms to pubkeys) typically does…
Why does Bitcoin have a clear advantage in solving double spend over a centralized solution?
Re: Cryptocurrency is something people tell lies about in hopes of getting richer
#10Someone sees cryptocurrency as exactly what it is, and at some point in the future we will know who.
But in the interim, lets not compare crypto to some utopian world that doesn't actually exist. In the current world which we inhabit, the many major currencies are either controlled or heavily influenced by people who:
1) Believe prices constantly rising is good for poor people.
2) Advocate that governments can spend potentially an infinite amount without consequences because they control a printing press. And looking at the actions of, e.g. the US government, it is easy to suspect that the people who understand the nuance there aren't the ones in control of the money supply.
In such an environment, the crypto folk are reasonable. Even if in a perfect world they would clearly all be scammers.